STAR, the cross-industry transfer initiative, is to roll out an accreditation scheme which will award bronze, silver or gold grades to providers based on their ability to transfer clients to other providers smoothly and quickly.

More than 600 firms have signed up in the first six weeks to support the PFS’s new Pension Transfer Gold Standard designed to improve best practice in Defined Benefit transfers.

More than 200 advice firms signed up during the first couple of days to the new Gold Standard for best practice in relation to and consumer guide for Defined Benefit transfers advice, the PFS has revealed.